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Korvikt [17]
3 years ago
5

Stewart Parnell, the former CEO of the now-bankrupt Peanut Corporation of America, was charged with falsifying food safety repor

ts required by the FDA. The reports certified that his peanut base product was salmonella free. In some cases, the tests were not yet complete when the certification was done and in other cases the tests indicated the presence of salmonella. ​ Who else would be criminally responsible for the shipment of contaminated product? a. shippers who handled the goods b. clerks who paid the shipping expenses c. managers who shipped the product knowing it was contaminated d. board members
Business
1 answer:
slega [8]3 years ago
4 0

This is a case of Food safety fraud by Penanut corporation of America and the culprits where sentenced to prison in Albany,Georgia

Explanation:

  • In the above mentioned case the managers (c)who shipped the product knowing that it was contaminated where also punished .
  • The managers where punished for their role in shipping the salmonella -positive peanut product,for falsifying the microbiological results.
  • The evidence of the trial reflected that tainted food shipping  led to a salmonella outbreak in 2009 with more than 700 reported cases of salmonella poisoning in 46 states.

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A cell phone business, in which the franchisor manufacturer a product and licenses a dealer to sell it in an exclusive territory
serg [7]

Answer:

distributorship

Explanation:

A distributorship is a type of franchise where a manufacturer or service provider gives the the franchisee the inclusive right to sell there products or services within a certain geographic area.

For example, Sprint will only have one store in the downtown area, and other stores inside malls, but you will not find to Sprint stores within one same mall. Each store is granted an exclusivity right over the mall or some neighborhood.

5 0
3 years ago
At the beginning of the year, manufacturing overhead for the year was estimated to be $859,200. At the end of the year, actual d
BaLLatris [955]

Answer:

estimated direct labor hours= 35,800

Explanation:

Giving the following information:

The estimated manufacturing overhead= $859,200

The actual direct labor-hours= 36,300 hours

The actual manufacturing overhead= $830,000

Manufacturing overhead for the year was overapplied by $41,200

T<u>o calculate the estimated direct labor-hours, we need to reverse engineer the allocated overhead process.</u>

Under/over applied overhead= real overhead - allocated overhead

-41,200= 830,000 - allocated overhead

allocated overhead= 871,200

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

871,200= Estimated manufacturing overhead rate*36,300

Estimated manufacturing overhead rate= $24 per direct labor hour

<u>Finally, the estimated direct labor hours:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

24= 859,200/estimated direct labor hours

estimated direct labor hours= 859,200/24

estimated direct labor hours= 35,800

8 0
3 years ago
What was the spot exchange rate of Canadian dollars for U.S. dollars (USD/CAD) on July 15, 2016? (Round your answer to 4 decimal
exis [7]

Answer:

a) (USD/CAD) on July 15, 2016 was 1.2937

b) six-month forward rate of (USD/CAD)= 0.0165

c) hree-month forward exchange rate of (JPY/USD) on July 15, 2016 is 0.0105263

Explanation:

a) Please see the exchange rate on this link: https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/usd/USD-to-CAD-2016

b) Now it's too far to check forward rate in 2016, so we have to calculate ourselves

6 month forward rate = exchange rate on 15 Jan 2017/ exchange rate on 15 July 2016 -1 = 1.3151/1.2937 -1 = 1.65% semi annual or 3.3%pa

c) please see link https://www.currency-converter.org.uk/currency-rates/historical/table/JPY-USD.html

15/07/2016 1 JPY = 0.0095 USD

15/10/2016 1 JPY = 0.0096 USD

3 month forwar rate = 0.0096/0.0095-1 = 0.0105263

5 0
3 years ago
A work that is created in small scale can communicate __________ .
Snowcat [4.5K]
A work that is created in small scale can communicate intimacy.
3 0
3 years ago
On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The l
Elena-2011 [213]

Answer: Please see answers in explanation ncolumn

Explanation:

Journal entry for Trico Technologies

1) To record issuance of notes

Date             General Journal        Debit          Credit

Aug 1st 2021    Cash                 $19,700,000  

                           Notes Payable                           $19,700,000

Adjustment for Interest

= Principal x rate x time ( from August to December 31st)

$19,700,000 X 9% X 5/12=$738,750

To record accrual of interest at Year end.

Date             General Journal        Debit           Credit  

Dec 31st,2021   Interest expense $738,750

Interest payable                                                           $738,750

3. Record Payment of Note at maturity

Date             General Journal        Debit           Credit  

Jan 31st,2022     Notes payable      $19,700,000

Interest Expense   $147,750

Interest payable                                  $738,750

Cash $20,586,500

Interest Expense  =Principal x rate x time ( the remaining one month

$19,700,000 X 9% X 1/12=$147,750

8 0
2 years ago
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